Description

We've all been around long enough to know that life can throw us curveballs. Having an estate plan—which typically includes a will, healthcare directive, financial power of attorney, and often a revocable trust—can ensure that your family is protected if something happens to you. If you've been putting off creating an estate plan, or you're not sure whether your family needs one, you'll love this conversation with estate and wealth planning attorney Jennifer Belmont Jennings.

Jennifer fills you in on everything you need to know, including:

• What a trust is, why you probably need one, and why it's a bad idea to procrastinate
• The various players you need to choose for your trust, and what to look for in each of these individuals
• How to decide on a trustee, as well as guardians for your children—and how to avoid conflicts among them
• The advanced medical directives and other paperwork that should be included in your estate plan
• How to set up special provisions for dependents with special needs
• What corporate trust companies are and when you should consider using one
• Additional trust provisions that can help to protect your family
• How often you need to update your trust, and what happens when you move

Plus—because Jen is not only smart but funny—we talk about celebrity estate fiascos and what we can learn from them, and what Taylor Swift recently got wrong when writing song lyrics about her will!

Be sure to tune in to this important conversation. Full show notes available at Morebeautifulproject.com.

Please note that this content is for educational purposes only and is not legal advice.